The San Carlos Real Estate Week in Review: 2-9-13.

San Carlos Real Estate Summary.

It didn't start out that way, but it turned out to be a very good week for buyers looking in San Carlos.  There were 8 new listings that made their debut last week, which is easily the biggest one-week showing so far this year.  Open houses were very well attended the past 2 weekends, and buyers seem eager to pounce on the new inventory that's coming on line as was evident by the 6 listings that went into contract during the same period.    Despite the surge in inventory, we're still sitting at 16 SFR listings in the entire city, which is still very low.  Keep a close eye on new listings throughout the coming weeks — it will be a very dynamic market going forward.

Here are the numbers from last week:

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 2-9-2013:

San Carlos Housing Data	2-9-13	Prior Week
Closed Sales for the Week:	2	1
Average Sold Price	$1,020,500	$1,622,000 (-38%)
Average $/Sq Foot (Sold)	$613	$605
Sold Price vs Orig List (%)	109%	90%
Average DOM of Closed Sales	14	183
No. of Homes Pending Sale:	20	12
Inventory of Active Listings:	16	14 (+14%)
Average Price of Active Listings:	$1,302,493	$1,406,349
Average DOM of Active Listings:	10	46
Average $/Sq Foot (List)	$617	$574
Active-Pending Ratio:	0.6 : 1	1.2 : 1

The San Carlos Open House Page.

If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.

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Single-Family Homes SOLD in San Carlos:

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

Address	Sold Price	Orig. List	Difference	DOM
3140 Brittan Avenue	$1,050,000	$900,000	+$150,000 (+16.7%)	17
1929 Cedar Street	$991,000	$969,000	+$22,000 (+2.3%)	11

Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.

(Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)

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Single-Family Homes Pending Sale in San Carlos:

The following homes went “Pending Sale” this week. Click on the address of any of these homes for additional info:

Address	DOM (days)	List Price
1420 Cordilleras Avenue	17	$829,999
1364 Crestview Drive	11	$1,188,888
249 Highland Avenue	116	$1,798,000
140 Belvedere Avenue	15	$649,000
148 Chestnut Street	7	$999,000
1400 Eaton Avenue	7	$1,325,000

Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.

(Click the “Homes Pending Sale” sign below to see ALL the homes that are Pending Sale in San Carlos.)

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New Single-Family Home Listings in San Carlos:

Below are the new listings that hit the market this past week in San Carlos. Simply click on the address of each home to get the complete details.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
147 Leslie Drive	$1,385,000	5BR/3BA	2,660/13,300	Laura Bertolacci, Today Sothebys
344 Oakview Drive	$1,150,000	3BR/2BA	1,800/5,500	Teri Shaughnessy, RE/MAX
1124 Orange Avenue	$1,095,000	3BR/2BA	1,740/6,400	Raziel Ungar, Coldwell Banker
278 Vine Street	$989,000	3BR/2BA	1,500/5,000	Chuck Gillooley, Alain Pinel Realtors
108 Ruby Avenue	$899,000	2BR/1.5BA	1,210/6,050	Bryce Cook, Today Sothebys
1236 Howard Avenue	$775,000	2BR/1BA	1,430/5,200	Michael Cunningham, Broker
959 Alameda	$650,000	3BR/1BA	1,150/5,270	Ann Olea, Keller Williams
1020 Springfield Drive	$559,000	2BR/1BA	820/5,000	Jim Minkey, Today Sothebys

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that sold this past week. Click on the address for all of the details:

Address	Sold Price	Orig. List	Difference	DOM
7 Buttercup Lane	$935,000	$895,000	+$40,000 (+4.5%)	8
1001 Laurel Street #214	$657,000	$619,000	+$19,500 (+3.6%)	8
3330 Brittan Avenue #10	$515,000	$499,950	+$15,050 (+3.0%)	14

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

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Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address	DOM (days)
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(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address or MLS # or all the details:

Address	List Price	BR/BA	Sq Feet	Listed By
16 Tulip Lane	$1,295,000	3BR/2.5BA	2,510	John Bracchini, Alain Pinel Realtors
1 Lilly Lane	$859,000	2BR/2.5BA	1,793	Denise Cronan, Cronan Real Estate
3354 Brittan Avenue #16	$579,950	2BR/2BA	1,040	Donna Colangelo, Intero

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

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